Bitcoin Forum

Take me for example, No one needs me for anything. Thus, Bitcoin won't succeed.

My argument is solid.

The winds of change may be here. Why build a windmill? Better to die at this point.

Why reinvent the wheel without first bringing justice to the ones who broke it?

Face it. If people could work for US dollars that would support everything they want in life, the world would not need to reinvent the wheel, such as what is being done with Bitcoin. You must face reality - no one wants your work. You are probably useless regardless whether it be Bitcoins, Euros or US dollars. No one cares about you. You are nothing. You just do this because you're bored. Which makes you not any different than a prostitute who is paid for doing what she likes.

http://www.cummingsdesign.com/Laymans_Guide_Suicide_Cover.htm

That's, like, your opinion dude.

"The internet is just a fad"

-Short sighted journalist circa 1994

Well, the problem is, the US dollar (as does the Euro) mostly supports what we DON'T want: banks, their power and profits, and our enslavement.

Over 90% of ALL fiat currency in existence is actually DEBT. Created by the banks without any work or producing any actual value whatsoever. Yet we have to pay it back, through mortgages, taxes, interest, and other shit that costs many working years of our lives, while those parasites are feasting on it. Now here's where Bitcoin comes in :)

you wtf?
I am sure somewhere in your twisted brain this makes sense, but defies logic to me.

So I finally got my dream job? I'll actually use this line to legitimize my obsession with Bitcoin. :D

Seriously though, Bitcoin is in many ways better, so it's not re-inventing the wheel. It might seem that way if your expectations are too high. Nothing will solve all the problems at once. I'm a dedicated supporter of Bitcoin now. By the time it undeniably succeeds, I will most probably be already supporting something else that will be in conflict with the structure Bitcoin endorses. That's how progress happens.

ATLAS ??

It sounds to me like you've spent more time fapping and playing WoW than developing a skill that you enjoy.

But I fail to see what that has to do with Bitcoins.

Why don't you want prostitutes to enjoy their work?

Wow. haven't seen a post like this in a while. It just doesn't look convincing since bitcoin has achieved steady growth.  Not succeed? it already has for me.
Anyway since bitcoin is worthless I am willing to help you out by taking any coins you have and paying an astonishing $2.50/BTC!!!! That's a huge profit for you, Deal?

I'll pay $2.51.   ;D

Dammit! Ok, $2.5234456

And a few posts later we will be at market price trying to buy something that supposedly has no value and will fail.

I wanted to suggest shorting...

...but damn, where is Bitcoinica when you finally happen to need it?

You make so many pointless posts.

I believe there was somebody advertising counseling services on the forum not too long ago. Perhaps he could explain projection for you.

He's right. This shit is for fags. I've only been here a little while, ain't mined SHIT on my CPU in the last few days. WTF is the point!?

There's a lot more trolls and non-helpfull trolls on this newbie form, than last year... Last year it was full of positive, great idea's, and had a sense of community.. Feels like a little trashy now.. It's sad.

Hey Faisal7, is this you?

http://www.youtube.com/watch?v=B-MY3mNadU8&feature=plcp

WOW. That is some seriously funny stuff.

Thanks for the link !

LOL.  That's some serious entertainment.

This guy is hilarious. I assume he loves precious metals.

Lol

Hehe, the mining stuff is not what Bitcoin is about.

I lol'd. A good one, good sir.

It has already succeed on being a means of moving money from point A to B.

It haven't yet succeed as a means of storing value in my opinion, as it's quite volatile and unregulated by governments word wide. But that could change and I hope it will soon.

So this guy can troll, but I still need 5 posts to get to the forms I want ;)

(I get it, i'm just needed an excuse to post)

-MassMaster

I think Bitcoins can and are succeeding, but the ecosystem requires commitment at this early stage of the game. Putting up a couple of CPU/GPU machines will not generate much of anything other then the possible satiation of academic curiosity. There is nothing wrong with this but I think it is a fallacious conclusion to say that Bitcoins wont succeed based on this type of limited exposure.

Based on what I have seen from the Euro crisis and the deflation of the dollar, I think the world may be ready for Bitcoin.

I think that banks and big financial player won't give up the market without defending there monopoly.
the dieing film and music industries shows how to do it on an other battleground.

let's see, how lobbyists will try to impact politics to defend there business.
hopefully they'll be heard to late.

Or perhaps they have nothing to worry at all. Perhaps the bitcoin will evolve into a secondary monetary system but will not replace the system we currently live in.

Judging from people's mastery of their own computers and how often they get infected with viruses, I know few people that would be willing to put all their money inside their computer and trust it to be safe.

With that in mind I think bitcoin is very much contained as a secondary tool, not threatening the main stream currencies at all. Not now and not in any time soon, that's just my view though.

I think someone already said this, but people thought the internet would just be a fad and look at it now lol

If you don't want trolls to respond to your post, don't post in this forum, lol.

wow.

BTC, being a decentralized currency does have have a place in the current currency market. Especially with the eurozone crysis underway.

we just need BTCs to be more accepted. They need to be easier to use

The guy on the video tries to make up for his weak arguments with aggressiveness and goes on to call everybody else retards... Yes right.

He's into gold and silver, claiming that it's better because you can hold and perhaps keep it in your house with yourself, but then wouldn't that make it insecure? Or do you keep it at the banks and is that any more safe these days?

http://I think someone already said this, but people thought the internet would just be a fad and look at it now lol

What the fuck is the internet?

Best stuff ive seen in awhile ;D

Bitcoin already succeed.

Bitcoins have only succeeded with geeks and nerds. They layperson has neither heard of nor cares about them, they will never be a mainstream currency.

BitCoins will succeed!

You've just got to believe in it! :P

Your topic question might have started an interesting philosophical discussion, if only you had supported it with a valid Nihilistic argument.  But your broken syllogism makes it barely worth this "get out of the newbies forum" post.

I do find it interesting that you bothered to intentionally join the BitCoin forum if you believe your own arguments about its futility.

But one thing certain: BitCoin doesn't need you.


Are there any "Professional Suicides?"


It's that visionary thing that Al Gore invented.


You posted that sometime in 2012, when the documented rate for a single home computer to be successful at mining to be in the 1 to 2 year range.

Be more patient. ;-D
Or get a dedicate super computer or 32 and form a pool.


So, you're saying that, even with the increasing necessity for technological savvy in the world, that "geeks and nerds" will never be "mainstream"?

What a sad thought.  And one that Bill Gates, Bill Joy, Steve Wozniak, etc. might disagree with.

-Jesse

Moderator Edit: Joined all your consecutive replies into one. You can multi-quote, you know? ;)

Up 35% in two weeks. I think Bitcoins are legit.

your an idiot

I'm still pissed that I missed the $30/1 BTC rate!  :'(

No worries man. It'll be back at $30 soon enough. And then $40. And $50. And $100. Think of the market size and potential audience world wide for Bitcoin, versus its supply. This sh!t is gonna skyrocket.

I on the other hand, am pissed that I missed the $2 after the Mt Gox hack. I only discovered Bitcoin when it was already back up to $5. Could have purchased a lot more bitcoins if I had found out earlier. And we'll probably never see the $2 rate again :(

sew our ewe.

Question is, will this happen before or after the blockchain doesn't fit on a 1TB drive anymore. Just noticed this morning the blockchain is reaching close to 2 GB. It's becoming more and more of a burden on the system partition... And when noone has a hard drive big enough to store the whole chain, what happens then?

The blockchain can and will be trimmed before it reaches disproportionally large levels. Take a look around : https://bitcointalk.org/index.php?board=6.0 and you'll see many proposals regarding this issue.

That ignore button turned orange quickly

The blockchain data can be easily compressed, collapsed, or otherwise stored more efficiently without any changes to the protocol. This is merely a client issue that can (and will) be improved in new client versions soon.

I do now. ;-)

Btw, what does it mean when an ignore button is orange? Is that a suggestion or sth?  ;D

A bird in the hand is worth two in the bush...  ;)

I think bitcoins will  succeed only till the mining process finishes. Then all the people invested in it will be the really f*gs, cos, nobody is going to buy their bitcoins and the price will stay the same forever until they quit this shit :) . That's why I sell everything i made every day. The positive side of whole sh*t is that those people that will stay at last with some numbers and many lost real money will actually help world economy by losing those dollars, euros etc.

The mining process will never finish (barring some kind of apocalypse, of course). The block subsidy will eventually drop to zero (sometime around the year 2140), but the block subsidy is not the only mining reward: miners also receive transaction fees, which will provide sufficient incentive for miners to continue their efforts after the block subsidy has ceased.

You seem to think that Bitcoin is mostly about mining. Well, you're wrong.

Furthermore you seem to make a distinction between Bitcoin and 'real money'. Well, you're wrong again.

Yeah, guys, i expected answers like this, because mainly my idea was to be proved wrong. I'm in business form 05.2011 but and read much about it but still not convinced enough to be sure it is a real thing. The amount of money made till now isn't that much. Any Mall makes more monthly budget than those made till now. By the way I strongly suggest you to watch Zeitgeist movies. And one russian movie called Пиpaмидa.

How do you mean, the amount of money made till now?

That's easy: 9286150 BTC.

With such metrics, you won't be convinced before it's already obvious to everyone. But then your opinion would have no value.


Hey, look, we have a BTC tag now! FTFY

This guy is a genius ... these coins that won't be worth anything just bought me a $600 item..... oh well.. he is right.. I should just throw it away... BTW thanks for my 5th post!

Naelr

And it's supposed to take 100 years to reach 21 million? I don't see that happening

I remember when trolling meant something

Bitcoin production follows a geometric progression (https://en.wikipedia.org/wiki/Geometric_progression):
https://en.bitcoin.it/w/images/en/e/e3/Total_bitcoins_over_time_graph.png

Every four years, half of the remaining bitcoins are mined. The number of bitcoins in existence gets ever closer to, but never quite reaches, 21 million. If bitcoins were infinitely divisible, the number of bitcoins in circulation would keep increasing forever, but still never reach 21 million. But since bitcoins are not infinitely divisible, creation of new bitcoins will cease when the block subsidy drops from 0.00000001 to 0.00000000, at which point the number of bitcoins will be fixed at exactly 20999999.97690000. This will happen sometime around the year 2140.

Currently, 50 bitcoins are mined approximately every 10 minutes.
Every 4 years, this amount will halve. December this year will be the first time. From then on, it's 25 BTC every 10 mins, etc.

So what's the theoretical maximum number of bitcoins ever to see the light of day:

4 years worth of 10 minute intervals is 4 × 365 × 24 × 60 / 10 = 210240 'mining hits' every 4 years.
The first 4 years it's 50 BTC per hit, next 4 years it's 25, then 12.5, etc.. so in total that's 210240 × 50 × (1+½+¼+...) = 210240 × 50 × 2 = roughly 21 million.

When will this be reached:

After N periods of 4 years, a fraction of 2^-N unmined bitcoins remains. This means that around the year 2040, 1-2^{(2040-2008)/4} ≈ 0.996 or about 99.6% of all bitcoins have been mined.

I too am worried about network security once the mining subsidy drops off. Either there will *have* to be mad transaction volume per block (which is a challenge in more than one way), or transaction fees will be really high (which makes bitcoin seem less revolutionary to the untrained eye).

Bitcoins are going to be best possible way to send and receive money on international level. So as more people use it, it will be more and more popular and it will gain in it's value. Bitcoins open the field of low cost money transactions and there is no reason for them not to be popular and accepted worldwide. So, as much people trade via it, the stronger it will become.

I'm sure that bitcoins will be superseded by something with characteristics similar to btc, but easier to switch to traditional currencies.  Bitcoins are a really smooth way to transact online, and the banks are probably trying to copy some of its features.

No one have the power to destroy such a great creation (that already is established). Maybe it will not be bitcoin in it's current state but there is a huge chance that a decentralized money system will lead the market sooner or later.

Well, for sure there will be competition, but I think it's it counts who started first...

Meh, all these people who bought FGPAs and ASICs will have to keep them running to try and break even ;)

The methods of exchange for traditional currencies aren't a property of bitcoin; they are property of the traditional currency financial networks.

Please enlighten us, how this alternative currency you imagine is going be made easier to switch?

Should you have an answer, whatever your answer is, what stops bitcoin adopting it too?

It bitcoin is superseded, it won't be because of exchange mechanisms.  Most likely it will be superseded by Bitcoin2 when the developers want to make some huge revolutionary change, and it will probably be capable of importing all the transactions from bitcoin1.  The network effect is what keeps bitcoin at the top of the cryptocurrency tree.

Maybe a country would accept it for payment of taxes.  That's how other national currencies were created.

Governments already have currencies that are accepted for taxes.

Even better, they can print as much of them as they want.

Haha, exactly. Why don't they just print their own tax money, and leave us Bitcoin users the hell alone :)

You joke; but I've often thought that it would be better it governments were banned from borrowing and had to print money to make up their deficits.

That would mean it is the current recipients of government largesse (or at least the same generation) paying the cost of that largesse.  (I wonder how quickly populations would start demanding spending restraint when countries with 20% deficits started suffering 20% inflation).

Let's make this a slogan.

Better enjoy the bitcoin wave while it lasts! I know I will 8)

I think it has done pretty well so far!

Not like their stingy with printing these days.

Longest troll thread ever. Why hasn't it been locked? The original author hasn't posted since.

I love these threads. I'm going to book mark this so I can resurrect it in 10 years and say "This is what people actually believed"